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Bill C-40 introduced: Defence Investment Agency to become a Crown corporation
The federal government tabled Bill C-40 on October 6, converting the Defence Investment Agency into a Crown corporation with its own board, and creating an Associate Minister of National Defence for Procurement.
Why it matters
This is the biggest overhaul of Canada's defence procurement system in recent years. The bill elevates the Defence Investment Agency — launched in October 2025 as a special operating agency inside Public Services and Procurement Canada — into a Crown corporation with its own board of directors, independent contracting authority and commercial flexibility, and gives it statutory power to engage directly in defence production, procurement and investment, with the goal of accelerating the full path from validated requirement to contract award.
Full report
Titled Strengthening Canada's Defence Sector, the bill was introduced in Ottawa on October 6. The Crown corporation's legal name will be the Canadian Corporation for Defence Investment, continuing to operate publicly as the Defence Investment Agency (DIA), with expanded authority to negotiate and manage contracts. The bill also amends the National Defence Act to create an Associate Minister of National Defence for Procurement, who will be responsible to Parliament for the DIA, consolidating procurement and commercial authorities to cut handoffs that slow deliveries. The DIA will be integrated into the National Defence portfolio: capability requirements and operational priorities are defined by National Defence and the Canadian Armed Forces, while the DIA leads procurement delivery. The bill also enables the DIA to join allied joint procurement programs, including Europe's SAFE and Readiness 2030 initiatives, to improve interoperability and open allied markets to Canadian suppliers.
Defence Minister David J. McGuinty, Secretary of State (Defence Procurement) Stephen Fuhr and other officials said Canada's generational defence investments need institutions built to match, letting defence spending simultaneously strengthen domestic industry, supply chains and jobs while remaining accountable to Parliament. Note: N-Globe reported on October 6 that the two ministers held a media availability previewing the legislation; this is the follow-up with the bill's actual contents.
Source: Government of Canada (canada.ca) announcement, October 6, 2026.
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